By Caroline Valetkevitch| NEW YORK NEW YORK U.S. stocks mostly fell while the dollar cut its losses on Wednesday after the Federal Reserve delivered a widely expected U.S. interest rate hike.A slide in technology stocks weighed on the Nasdaq and SP 500 as investors worried about the pace of economic growth after the rate increase and weaker-than-expected inflation data.The U.S. central bank lifted the benchmark lending rate by a quarter percentage point and announced it would begin cutting its huge holdings of bonds and securities this year.Its policy-setting committee also indicated the economy has been expanding moderately, and that it viewed a recent softness in inflation as transitory, according to a statement following a two-day meeting.Though they… Next »
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